Heather Scoffield: Financial warnings for Canada from the U.S. debt-ceiling game of chicken
Thank goodness American politicians finally figured out a way to agree to a new debt ceiling that will allow them to pay their bills and service their debt.
Fitch Ratings Agency put the U.S. federal government on notice that it was in line for a possible downgrade because of all the political shenanigans around the debt. And even after the U.S. Senate passed legislation allowing President Joe Biden to lift the debt ceiling, Fitch was still sounding the warning bell.
OK, but that’s the U.S., not Canada. We have held on to our good grades for decades, except for the occasional blip.
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